25/11/2024 Gold trade idea

Between trumps tweets and a potential ceasefire we saw over a 1,000 pip drop on gold yesterday as demand for a safe haven asset diminished (also why DXY fell)

As we start to edge closer to FOMC minutes with the rate decision on the 18th we are seeing a rebound of gold at 2631 area the area we also saw as support this time last week so my bias is still buillish and this seen as just a deeper pullback until we get a body close below 2600 to test 2590 key level.

Other than that my bias will be bullish for this trading session with areas to look for buys being:
2632, 2640 to test nearest liquidity zone of 2655 before reassesing.

Again news is later and we are coming to the end of the month and soon to be year - trade wisely and remember the markets will always be there tomorrow so make sure your trading account is too.